Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.043%

Price spread now: Injective against Gate+0.055%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1071.074% of the position

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.055%, 7d avg −0.051%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.106% dearer against Gate than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.051%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.3 days. At the pace of the last 7 days (−0.062% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GRAM_USDT	1.4482	0.0100	pay 0.0050% / 4h	1h 44m	$3.7M	$3.3M	75x
Short	Injective GRAM/USDC PERP	1.4490	0.0033	get 0.0004% / 1h	44m 35s	$4K	$143K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee InjectivebpOrdersPrice spread, now +0.055%Rate

Funding earned: −$14
Price spread: +0.055% → −0.051%: $10.65
Slippage, 4 orders: −$92.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$110.78
Costs to cover: 1.074%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Injective: live order book, 64 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 4 min ago	6.22 bp	16.6 bp −$17	67.0 bp −$670	doesn't fit	doesn't fit
Sell Injective live order book, 64 min ago	37.79 bp	37.8 bp −$38	doesn't fit	doesn't fit	doesn't fit

GRAM on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GRAM/USDC PERPshort	+0.0033%	1h	1.4490	+0.055%	$4K	$143K	12x
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4473	−0.063%	$2K	$19	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4473	−0.059%	$20.7M	$28.2M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4466	−0.110%	$30.7M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4460	−0.152%	$8.7M	$8.5M	50x	as long as short
Gate GRAM_USDTlong	+0.0100%	4h	1.4482	long leg	$3.7M	$3.3M	75x
MEXC GRAM_USDT	+0.0100%	4h	1.4470	−0.083%	$15.2M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4481	−0.007%	$8.8M	$10.6M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4479	−0.021%	$7.2M	$4.1M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4486	+0.028%	$53K	$16K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX GRAMUSDC	+0.0100%	4h	1.4449	−0.230%	$17K	$274K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4460	−0.152%	$14K	$605K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4470	−0.083%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4480	−0.014%	$6K	$598K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4510	+0.193%	$338K	$621K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4470	−0.083%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4473	−0.063%	$169K	$123K	5x	as long as short
Hyperliquid GRAM	+0.0243%	1h	1.4492	+0.069%	$35.8M	$7.3M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4460	−0.152%	$1.4M	$203K	50x	as long as short
Aster GRAMUSDT	+0.0368%	4h	1.4495	+0.093%	$971K	$126K	50x	as long as short
Lighter GRAM	+0.0792%	1h	1.4502	+0.140%	$2.6M	$2.4M	20x	as long as short